The Gold Coast economy has grown by 25 per cent since 2020/21 to surpass $55 billion, but perhaps the more significant story is what sits behind the headline number.

For decades, the Gold Coast has been viewed through the lens of tourism, lifestyle and population growth. The latest State of the City Report suggests that perception is increasingly out of step with reality.

Released by Invest Gold Coast, the report ranks the Gold Coast as Australia's largest non-capital city economy and, perhaps more notably, second nationally behind Sydney for Economic Complexity, a measure that assesses the diversity and sophistication of an economy.

It's a result that places the Gold Coast ahead of Melbourne, Brisbane, Perth and Adelaide, highlighting the extent to which the city's economic base has broadened beyond its traditional industries.

Today, the Gold Coast supports more than 350,000 jobs, is home to over 83,000 businesses and generates $19 billion in annual exports. Manufacturing now accounts for 62 per cent of international export growth, while sectors including health, education, advanced manufacturing, technology and professional services are becoming increasingly important contributors to the local economy.

[smartcode_project:default project_id=150017 project_image_fid=372547]

Gold Coast Mayor Tom Tate said the report confirmed the city's evolution into one of Australia's most significant economies.

"The Gold Coast economy continues to grow at an incredible pace. This is no surprise to those of us who have watched the evolution up close," Mayor Tate said.

"As one of the most entrepreneurial, investment driven and opportunity focused economies in the country our ambition has been realised and possibilities are endless.

"The Gold Coast has built a reputation as the city that says yes. We say yes to investment, yes to opportunity and yes to people who want to build something.

"It's this mindset helping us drive major growth across health, advanced manufacturing, screen production, marine, technology and the knowledge economy."

[smartcode_project:default project_id=149670 project_image_fid=360975]

While population growth has been one of the defining stories of the past decade, the report points to a broader economic transformation taking place.

The city's knowledge economy now contributes $7.9 billion annually and supports around 31,000 jobs, while the health and wellbeing sector contributes $5.2 billion and employs more than 42,000 people. Together, the six priority sectors identified in the report account for almost $24 billion in economic output and more than 145,000 jobs.

One of the strongest examples is the Gold Coast Health and Knowledge Precinct at Southport. The 200-hectare precinct now contains more than $5 billion worth of health, education, research and innovation infrastructure and supports over 16,000 jobs.

The report also highlights the growing role of advanced manufacturing, particularly in aerospace, defence and modular construction.

Gold Coast-based Gilmour Space Technologies recently became the first Australian commercial company to attempt an orbital launch, while companies including Modscape and ModnPods are helping establish the Yatala-Stapylton corridor as one of Australia's fastest-growing advanced manufacturing hubs.

The city's entrepreneurial culture is also translating into business growth.

Since 2019/20, the number of businesses operating on the Gold Coast has increased by 22 per cent, while firms employing more than 200 people have grown by 80 per cent. The report suggests the next challenge is converting more local start-ups and medium-sized businesses into nationally significant companies.

Development activity remains another key indicator of confidence.

There are currently more than $23 billion worth of major projects underway across the Gold Coast, supported by a record 75 active cranes, a figure that now exceeds Brisbane and represents a 150 per cent increase since 2016.

[smartcode_project:default project_id=112024 project_image_fid=343235]

Importantly, the report notes the next phase of investment will need to extend beyond residential development.

While 93 per cent of crane activity is currently tied to housing, Invest Gold Coast argues future investment will increasingly need to focus on cultural, civic, infrastructure and industry-enabling projects that strengthen the city's long-term economic resilience.

Invest Gold Coast Chair Will Hodgman said the city was now benefiting from years of economic diversification.

"What is happening on the Gold Coast is the result of the city's economic base broadening, fuelled by industries with long-term, high-growth potential," Mr Hodgman said.

"This is no longer a secondary Australian economy, the Gold Coast is becoming a globally connected city with deeper capability across health, knowledge and creative industries, advanced manufacturing, technology and exports."

[smartcode_project:default project_id=108274 project_image_fid=365786]

Looking ahead, the Gold Coast's population is projected to exceed one million residents by 2046.

For a city that was once largely defined by tourism and lifestyle, the latest figures suggest the Gold Coast is becoming something more significant, one of Australia's most diverse and economically sophisticated urban economies, and increasingly one that national and international investors can no longer afford to overlook.

Joel Robinson

75 cranes, $23 billion pipeline and a $55 billion economy: Inside the Gold Coast economic boom

Ron Bakir's Homecorp has sold more than 75 per cent of the apartments in its wellness-driven Florence Residences in Surfers Paradise following its first weekend release.

The <a href="https://www.apartments.com.au/new-apartments/florence-residences-24-monte-carlo-avenue-surfers-paradise-qld-4217">26-storey project on Monte Carlo Avenue</a>, which commenced construction earlier this year, has seen a flurry of buyers secure their slice of the Gold Coast's latest wellbeing-focused offering in one of the nation's most competitive property markets.

Since the pandemic, the Gold Coast's population has grown by more than 11 per cent, a rate approximately four times faster than Sydney's, driven largely by lifestyle changes and interstate migration. While buyer activity has moderated in some markets nationally, demand for newly built dwellings on the Gold Coast continues to gain momentum as purchasers increasingly prioritise lifestyle, amenity, wellbeing, liveability and long-term investment potential.

&nbsp;

[smartcode_project:default project_id=150414 project_image_fid=372743]

Homecorp CEO Ron Bakir says buyers today are looking for more than just a home.

"What we are seeing is a shift in how people define value in property," Bakir says.

"What attracts residents to new developments is a desire for more than just a residence. They are looking for a place that complements their lifestyle, supports their wellbeing and reflects the way they want to live into the future.

"Lifestyle, longevity, proactive health, wellbeing, connection and a sense of community are increasingly shaping purchasing decisions, particularly on the Gold Coast, where these factors continue to be a major drawcard."

[smartcode_project:default project_id=150414 project_image_fid=372744]

Bakir says Homecorp is responding to this shift through an approach that places greater emphasis on design, amenity and experience working together to create places that feel considered, connected and enduring in value.

Inspired by Eastern European design, Florence Residences will comprise 120 apartments alongside a private residents-only wellness club featuring a resort-style rooftop pool, hot and cold plunge pools, a spa retreat, contemporary gymnasium, and a spacious yoga and Pilates studio.

The development will also feature a residents-only lounge with private dining facilities and a rooftop bar, premium outdoor entertaining areas, a hotel-style lobby lounge, generous bike parking, and pet-friendly amenities including a heated dog wash.

[smartcode_project:default project_id=150414 project_image_fid=372742]

A limited number of apartments remain available, with an exclusive collection of four-bedroom sub-penthouses set to be released in the coming months.

Florence is one of the latest additions to Homecorp's expanding multi-billion-dollar property portfolio, which also includes plans for a <a href="https://www.apartments.com.au/news/qld/homecorp-lodges-plans-for-260-million-moroccan-bathhouse-inspired-tower-in-budds-beach">$260 million development in Budds Beach</a> tailored to the growing wellness market.

A development application has been lodged for a 27-storey, 156-residence tower at 8–10 Acacia Avenue and 25–27 Oak Avenue, featuring a residents-only Moroccan spa-inspired sanctuary.

Apartments at Florence Residences are priced from $1,249,000, with construction expected to be completed by late 2027.

[smartcode_project_cta:default project_id=150414]

Buyers rush to Homecorp's Florence Residences as Gold Coast wellness trend gains momentum

The NSW Government has expanded its $1 billion Pre-sale Finance Guarantee program, broadening access for affordable housing providers and smaller residential developments as it seeks to accelerate housing delivery across the state.

The Minns Government says the program has already helped bring forward more than 600 homes across Sydney and regional NSW since launching in September 2025, with similar models now adopted in South Australia and Western Australia.

The latest changes, announced by Treasurer Daniel Mookhey and Minister for Planning and Public Spaces Paul Scully, are designed to improve access to finance for projects that have planning approval but are struggling to secure funding.

Among the key changes is an expansion of support for community housing providers. The program will now support up to 100 per cent affordable housing projects valued at up to $30 million when delivered by not-for-profit providers, while support for larger affordable housing developments will increase for projects worth up to $80 million.

The government says the changes will help accelerate the delivery of housing for low-income workers, older people, people living with disability, and those at risk of homelessness, while reducing reliance on direct grants or subsidised loans to bridge funding gaps.

The eligibility criteria for smaller residential developments have also been broadened. The previous $5 million minimum project value threshold has been removed and replaced with a requirement that projects deliver at least four homes.

Support has also increased for projects delivering fewer than 20 homes, with the guarantee now able to cover up to 75 per cent of dwellings in a development, capped at $30 million per project.

The changes are expected to particularly benefit smaller-scale and regional developments, which often face greater challenges meeting pre-sale requirements imposed by lenders.

Treasurer Daniel Mookhey said the scheme demonstrates how government can use its balance sheet to stimulate housing supply without relying solely on taxpayer-funded grants.

"The Pre-sale Finance Guarantee shows how this Government is using its balance sheet to reduce risk and unlock private investment, enabling new homes to move from design to construction faster," Mookhey said.

"This landmark reform allows us to deliver homes for working families at a lower cost to taxpayers, while also maintaining strong financial discipline."

Planning Minister Paul Scully said the program had already proven effective in bringing stalled projects to market.

"The Pre-sale Finance Guarantee has already proven it can unlock stalled projects and accelerate housing delivery by giving lenders the confidence they need to back good developments," Scully said.

"These changes will allow more affordable housing and smaller developments to access support so more homes can be built faster where communities need them most."

Housing Minister Rose Jackson said the expansion would help community housing providers overcome financing barriers that often delay projects.

"We know community housing providers are ready to build more homes, too often they're held back by barriers to finance," Jackson said.

"Expanding the Pre-sale Finance Guarantee helps remove those barriers so more affordable homes can get off the ground sooner."

The announcement was welcomed by the Property Council of Australia, which has long advocated for measures aimed at improving project feasibility and access to finance.

Property Council NSW Executive Director Katie Stevenson described the expansion as a practical intervention that addresses one of the most immediate constraints on housing delivery.

"This is exactly the kind of practical intervention we need right now, focused on getting projects out of the ground, not just approved," Stevenson said.

"It builds on a model the Property Council has worked closely with government to develop following calls for such a scheme ahead of last year's NSW Budget, so it's great to see it being expanded."

Stevenson said the reforms would help unlock projects that are ready to proceed but have been delayed by financing challenges. However, she noted that broader feasibility issues remain a significant barrier to increasing housing supply.

"The biggest challenge in NSW housing today is delivery. Too many projects have planning approval but are simply not financially viable to proceed under current settings," she said.

Speaking at the Property Council's NSW Housing Summit, Housing Minister Rose Jackson acknowledged that feasibility and financing pressures continue to constrain housing delivery, while reaffirming the government's commitment to work with industry on solutions.

Stevenson said the government's recognition of those challenges was encouraging ahead of next week's state budget.

"It's positive to see the government clearly recognising that feasibility pressures are now a binding constraint on supply," she said.

"With the Budget just days away, the focus must be on backing delivery, making sure projects stack up, finance can flow, and more homes can move from approval to construction."

The expanded Pre-sale Finance Guarantee forms part of the NSW Government's broader housing agenda, which also includes planning reforms, the NSW Housing Pattern Book, and a series of rezonings intended to increase housing capacity across the state.

NSW expands Pre-sale Finance Guarantee to unlock more affordable and regional housing

Design-led developer-builder Lowe Living has unveiled its latest residential development, Jardin House, marking its first foray into Melbourne's blue-chip City of Boroondara.

Located a short walk from Camberwell Junction, <a href="https://www.apartments.com.au/new-apartments/jardin-house-by-lowe-living-camberwell-335-camberwell-road-camberwell-vic-3124">Jardin House</a> has been designed to appeal to affluent local downsizers and established families seeking a low-maintenance alternative to the large homes that have long defined Camberwell and surrounding suburbs.

The project will comprise a collection of two and three-bedroom apartments ranging from 92 sqm to 280 sqm, alongside a limited number of penthouse residences featuring rooftop terraces spanning more than 100 sqm, with optional private pools.

&nbsp;

[smartcode_project:default project_id=146717 project_image_fid=372212]

Lowe Living Co-Founder and Managing Director Tim Lowe said Camberwell represented a natural next step for the developer as it expands into some of Melbourne's most tightly held residential markets.

"Jardin House is an important project for our team as it marks the next evolution of our portfolio into different well-established blue-chip pockets of Melbourne," Lowe said.

"Camberwell, with its incredible walkability, family-led neighbourhood feel and superb access to education and transport, makes it a natural choice for us."

[smartcode_project:default project_id=146717 project_image_fid=372227]

Designed by Tristan Wong Architects, with interiors by Hecker Guthrie and landscaping by Acre, the development takes inspiration from the Art Deco architecture that remains a defining feature of many of Camberwell's established streets.

A curved facade, arched openings, textured brickwork and sculpted forms reference the suburb's architectural heritage, while extensive landscaping softens the building's presence and creates a strong connection to the surrounding tree-lined streetscape.

The project will be set behind a secure gated entrance, with residents arriving through landscaped gardens designed to create a transition between the public realm and private residences.

Inside, the residences feature natural stone and timber finishes, full-height glazing, Miele appliances and generous open-plan living areas designed for long-term owner occupation.

[smartcode_project:default project_id=146717 project_image_fid=372225]

While the apartments themselves have been designed to attract discerning owner-occupiers, it is the amenity offering that sets Jardin House apart from many other boutique projects currently launching across Melbourne.

The centrepiece is a 350 sqm private bathhouse curated in partnership with Aurora Spa &amp; Bathhouse founder Lyndall Mitchell.

The wellness precinct includes mineral pools, hydrotherapy experiences, a Himalayan salt room, sauna, steam room, cold plunge pools and dedicated relaxation spaces, creating what Lowe Living describes as a private wellness retreat exclusively for residents.

[smartcode_project:default project_id=146717 project_image_fid=372222]

The collaboration follows Lowe Living's recent partnership with Aurora at Maison Savoy in Brighton, although Jardin House is the first project to incorporate both indoor and outdoor wellness experiences.

Emma Lowe, Co-Founder and Managing Director of Lowe Living, said wellness was becoming an increasingly important consideration for apartment buyers.

"Collaborating with Lyndall Mitchell from Aurora Spa &amp; Bathhouse for a second time is an intentional nod to creating residences that are more than just homes, but a way to enrich the lives of our residents through wellness and longevity," Lowe said.

The amenity offering is complemented by a Technogym fitness studio, residents' lounge, private dining spaces and concierge services.

The launch comes as developers increasingly target Melbourne's established eastern suburbs, where rising land values, ageing housing stock and growing downsizer demand are creating opportunities for boutique apartment projects.

Lowe said the company expects significant generational wealth transfer across suburbs such as Camberwell in coming years, creating further demand for luxury apartment living.

"Camberwell is a blue-chip suburb where homes regularly transact for multiple millions of dollars," he said.

"The generational change of wealth in these locations expected in the coming years is significant, so we see an opportunity to create exclusive residences that appeal to older families and downsizers in order to meet this demand."

Apartments at Jardin house start from $1,195,000. The project forms part of Lowe Living's near-$1 billion portfolio of new developments across Melbourne.

[smartcode_project_cta:default project_id=146717]

Lowe Living launches Jardin House in Camberwell

As <a href="https://www.apartments.com.au/developments/north-sydney-nsw-2060">North Sydney</a> continues its transition from a commercial centre into a more layered residential and lifestyle precinct, a new generation of apartment developments is reshaping expectations around scale, amenity, and long-term liveability.

Improved transport connections through the Victoria Cross Metro, continued investment in dining and public spaces, and a constrained supply of new luxury apartments have sharpened demand for homes that combine proximity to the CBD with the privacy and outlook traditionally associated with harbourside houses.

At 177 Walker Street, <a href="https://www.apartments.com.au/developers/aland">ALAND</a>’s new apartment development <a href="https://www.apartments.com.au/new-apartments/the-walden-north-sydney-177-walker-street-north-sydney-nsw-2060">The Walden</a> enters the market with a distinctly residential approach to high-rise living. The 30-level tower will deliver 161 residences, ranging from one-bedroom apartments through to sub-penthouses and a full-floor penthouse, all oriented to capture uninterrupted views across Sydney Harbour, the Opera House, and out toward the Pacific Ocean.

[smartcode_project:default project_id=134323 project_image_fid=6395]

Designed by <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>, the project takes advantage of the site’s natural topography and elevated position above the harbour. Rather than relying on density alone, the architecture focuses on outlook, orientation, and spatial flow, with every apartment occupying a corner position to maximise natural light and cross ventilation.

Rothelowman says the site itself shaped much of the architectural response.

“The site has a long history in terms of its inevitable transformation and when we came in, we took inspiration from the idea of reestablishing a sense of the site’s natural terrain and fall. Our scheme aims to integrate with the terrain and the landscape, using the undulating site to slowly reveal glimpses and views of the harbour. The rotation of the tower off grid means every apartment has a view and is naturally cross ventilated. The building's colour palette is quintessentially Sydney, with bronze and sandstone and a luminescent green colour in the glass, making it very earthy and grounded in its location.”

[smartcode_project:default project_id=134323 project_image_fid=6399]

Inside the residences, the emphasis moves toward larger-format living typically associated with standalone homes. Kitchens sit at the centre of the apartments, connecting directly to open-plan dining and living areas before extending outward into expansive winter gardens and balconies. Calacatta marble, bespoke joinery, integrated appliances, and custom metal detailing are used throughout, while three distinct interior palettes, Terrace, Opera, and Harbour, allow buyers to personalise the spaces without compromising the architectural consistency of the project.

The larger residences place particular attention on separation between entertaining and private zones. In many apartments, master suites occupy the outer corners of the floorplates, allowing bedrooms to benefit from floor-to-ceiling glazing and harbour outlooks independent of the living spaces. Dressing rooms and ensuites continue the material palette through fluted detailing, freestanding baths, and layered stone finishes.

Rothelowman says the design intent centred on creating homes that feel enduring rather than transient.

“Our philosophy is all about the way people live in these spaces, and we wanted to create homes that reflect the quality of life in this unique Sydney location. The apartments showcase expansive living spaces that are generous, sophisticated, and bold, with the ability to connect with views throughout each apartment.”

[smartcode_project:default project_id=134323 project_image_fid=353235]

A separate four-storey amenity building known as The Pavilion expands the residential offering beyond the apartments themselves. Positioned alongside the tower, the building consolidates wellness, recreation, and social spaces into a dedicated resident retreat. Facilities include a 20-metre rooftop pool and sundeck, sauna, spa, ice bath, wellness studio, gymnasium, concierge service, wine cellar, residents’ lounge, private dining spaces, and dedicated co-working areas with meeting rooms and boardroom facilities.

The amenity mix reflects the buyer profile emerging in North Sydney, where owner-occupiers and downsizers are increasingly prioritising convenience, apartment scale, and long-term usability over purely investment-driven decisions.

The Walden also represents a significant milestone for ALAND, marking the company’s first major move into Sydney’s inner-city luxury apartment market after more than two decades delivering large-scale residential communities across Greater Sydney. Founder Andrew Hrsto says the Walker Street site stood apart because of both its positioning and its rarity.

[smartcode_project:default project_id=134323 project_image_fid=6390]

“As a company, we had been searching for a site in one of Sydney’s blue-chip locations, spanning the Eastern Suburbs, the Sydney CBD and the North Shore, and when we had the opportunity to purchase this site, we immediately recognised that it could be something iconic.”

At launch, The Walden recorded more than $103 million in sales, with buyers drawn to the project’s harbour positioning, apartment scale, and proximity to the Metro, which now connects North Sydney to Barangaroo in three minutes and Martin Place in five.

ALAND has commenced construction, and is expecting a completion date in 2028.

[smartcode_project_cta:default project_id=134323]

The Walden pairs house-scale living with North Sydney connectivity

Sydney’s property market is known for high prices, competitive bidding, and mounting pressure on first home buyers. But change is on the horizon.

From late 2025, eligible first home buyers in New South Wales will have access to a new federal government initiative aimed at addressing affordability: the Help to Buy Scheme.&nbsp;

<h2>What is the Help to Buy Scheme?</h2>

The program introduces a shared equity model intended to reduce the upfront cost of entering the property market, particularly in high-demand urban areas such as Sydney.

The scheme operates under a shared ownership structure in which the federal government takes an equity stake of up to 40 per cent for new homes, or 30 per cent for existing dwellings. This arrangement allows eligible buyers to significantly reduce their loan size and avoid the added cost of Lenders Mortgage Insurance (LMI).

Under this model, purchasers can enter the property market with as little as a two per cent deposit, well below the traditional 10 to 20 per cent usually required. The government’s contribution is not a loan but a co-ownership stake in the property. As such, there is no interest or rent charged on its portion.

Because the government’s equity combined with the buyer’s deposit typically meets or exceeds the 20 per cent threshold, LMI does not apply. The remaining balance, generally between 60 and 70 per cent of the property’s value, is financed through a standard home loan with a participating lender.

The government's equity in the property remains in place until the buyer chooses to repay it voluntarily or until the property is sold. Buyers can buy back the government’s share over time, in increments of at least five per cent, depending on their financial situation.

There is no fixed repayment timeline, but the amount to be repaid will be based on the property's market value at the time of repayment, not the original purchase price.

<h2>How do you qualify for the&nbsp;Help to Buy Scheme?</h2>

To qualify for the Help to Buy Scheme, applicants must meet the following conditions:

<ul>
	<li>Be an Australian citizen at least 18 years of age.</li>
	<li>Be a first-home buyer who does not currently own property.</li>
	<li>Intend to live in the property as their primary residence.</li>
	<li>Earn less than $100,000 per year for individuals, or $160,000 for couples.</li>
	<li>Purchase a property within the regional price caps, currently $950,000 in Sydney, though this is expected to rise to approximately $1.3 million ahead of the program’s launch.</li>
</ul>

While the Help to Buy Scheme does not solve affordability challenges across the board, it does offer a more accessible pathway for a defined segment of the market, particularly younger buyers with moderate incomes who have been priced out of traditional lending routes.

The scheme is expected to commence in NSW in late 2025, as part of a national rollout.

Under the new model, purchasers can enter the property market with as little as a two per cent deposit, well below the traditional 10 to 20 per cent usually required

Help to Buy Scheme: What first home buyers in NSW need to know

The First Home Owners Grant (FHOG) is a government initiative designed to help eligible first-time home buyers by offering financial assistance towards the purchase or construction of a new home.

While the FHOG is a nationwide program, it is administered separately by each state and territory, meaning the eligibility criteria, grant amounts, and property requirements can vary depending on your location. This means that the amount available and the conditions attached to the grant will differ, so it is important to check the specific guidelines for your state or territory.

It’s important to note that the FHOG is just one of several incentives available to first home buyers. In most states and territories, the grant is not linked to stamp duty exemptions or concessions, with the exception of the Australian Capital Territory (ACT). The FHOG is typically a one-off payment, reducing the overall cost of purchasing or building a new home before any stamp duty concessions are applied.

Below, we provide a breakdown of the First Home Owner Grants available across Australia, outlining the specific details for each state and territory.

<h2>New South Wales First Home Owner Grant</h2>

First Home Owner Grant: Offers a $10,000 grant for new homes valued up to $600,000. For land purchases and owner-builders, the threshold extends to $750,000.

Stamp Duty Benefits: Provides full stamp duty exemption for homes valued up to $800,000, with concessions available for properties up to $1 million.

<h2>Victoria South Wales First Home Owner Grant</h2>

First Home Owner Grant: Provides a $10,000 grant for first-home buyers purchasing or building new homes valued up to $750,000.

Stamp Duty Benefits: Offers full stamp duty exemption for properties up to $600,000, with concessions available up to $750,000.

<h2>Queensland First Home Owner Grant</h2>

First Home Owner Grant: Offers $30,000 for contracts signed between 20 November 2023 and 30 June 2025. The FHOG applies to new homes valued up to $750,000.

Stamp Duty Concessions: Provides additional concessions for properties valued up to $800,000.

<h2>Western Australia First Home Owner Grant</h2>

&nbsp;

First Home Owner Grant: Offers a $10,000 grant for new homes valued up to $750,000 in the southern regions and up to $1 million in the northern regions.

Stamp Duty Concessions: Available for homes valued up to $600,000 for transactions entered into on or after 9 May 2024.

<h2>Australian Capital Territory First Home Owner Grant</h2>

First Home Owner Grant: Replaced by the Home Buyer Concession Scheme, offering full stamp duty concessions for eligible buyers.

<h2>South Australia First Home Owner Grant</h2>

First Home Owner Grant: Provides up to $15,000 for new homes, including houses, apartments, and townhouses. As of 6 June 2024, there is no property value cap for eligibility.

Stamp Duty Relief: Available for new homes and vacant land purchases.

<h2>Tasmania First Home Owner Grant</h2>

First Home Owner Grant: Offers a $10,000 grant for new homes and off the plan purchases.

Stamp Duty Exemption: Between 18 February 2024 and 30 June 2026, first home buyers of established homes valued up to $750,000 receive a full exemption on property transfer duty.

<h2>Northern Territory First Home Owner Grant</h2>

First Home Owner Grant: The Northern Territory provides a $10,000 grant for new homes only. Additional government grants and concessions are available for first home buyers.

Stamp Duty Exemption: The only stamp duty exemption available to property buyers is the House and Land Package Exemption (HLPE).

Eligibility criteria and application processes differ across states. Prospective buyers should refer to their respective state revenue offices for full details on grant availability, conditions, and additional concessions.

Every First Home Owner Grant for new property by state

In the ever-evolving landscape of sustainable architecture and environmentally conscious design, systems and ratings in place can help determine the energy efficiency of residential buildings in Australia.

Australia has multiple building rating systems that evaluate energy efficiency and sustainability in existing and new building designs.

Some systems assess individual building components, while others provide an overall rating for the entire structure.

A rating system ensures that homes are comfortable and energy-efficient, whether you are buying, renovating, or building.

NatHERS (Nationwide House Energy Rating Scheme) is a common way for new homes to meet energy efficiency requirements.

As new developments continue to shape the urban environment, understanding NatHERS ratings becomes essential for developers and homeowners. This article delves into the concept of NatHERS ratings, their significance, and how they contribute to creating energy-efficient homes.

<h2>What is NatHERS?</h2>

NatHERS is a national initiative implemented by the Australian government to promote energy efficiency in residential buildings. The scheme aims to provide a standardised method for assessing the thermal performance of homes, considering factors such as insulation, orientation, ventilation, and building materials.&nbsp;

NatHERS ratings are the most common way new homes meet the National Construction Code's (NCC's) minimum energy efficiency requirements.&nbsp;

NatHERS assessments provide thermal and whole-home ratings for new homes, townhouses, and apartments.

The rating helps evaluate the energy performance of buildings, guides homeowners and developers to make informed decisions about the energy efficiency of their properties, and encourages the construction of more sustainable, comfortable, and cost-effective homes.

<h2>How NatHERS Ratings Work</h2>

NatHERS ratings are determined through four accredited software tools (AccuRate, BERS Pro, FirstRate5, HERO) using a calculation engine CSIRO developed to predict building temperature based on various factors.

The tools can model complex effects of building mass, insulation, window size, and other elements.

The outcome is a star rating that reflects the building's overall thermal efficiency, indicating how well it can maintain a comfortable indoor temperature without excessive reliance on heating or cooling systems.

The star rating scale ranges from 0 to 10, with a 6-star rating being the minimum requirement for compliance with the National Construction Code (NCC).&nbsp;

Achieving a higher star rating demonstrates a commitment to energy efficiency and sustainability, as the building is better equipped to minimise its environmental impact and reduce long-term energy costs.

Anyone can use NatHERS tools, but accredited assessors can provide certified ratings and professional advice.

<h2>Benefits of Higher NatHERS Ratings</h2>

Energy Efficiency: Buildings with higher NatHERS ratings are more energy-efficient, requiring less heating and cooling energy. This reduces the structure's carbon footprint and lowers occupants' energy bills.

Cost Savings: Homes with higher NatHERS ratings are generally more energy-efficient, resulting in reduced energy consumption for heating and cooling. This translates to lower energy bills for homeowners, making sustainable living environmentally friendly and economically viable in the long run.

Environmental Impact: Lower energy consumption directly translates to a reduced environmental impact. Buildings with higher NatHERS ratings contribute to the overall goal of mitigating climate change by lowering greenhouse gas emissions associated with heating and cooling systems.

Improved Comfort: Buildings with high NatHERS ratings offer better thermal comfort to occupants. Proper insulation, well-designed ventilation, and optimal orientation maintain a consistent and comfortable indoor temperature, providing occupants with a more enjoyable and healthier space.

Market Value and Desirability: Higher NatHERS ratings can enhance the market value of a property. As energy efficiency becomes a more significant consideration for homebuyers, a well-rated building may attract a premium price and stand out in the real estate market.

Compliance with Building Codes: NatHERS ratings are a vital component of the National Construction Code (NCC), and compliance with these ratings is often a mandatory requirement for new developments. Local councils and planning authorities may set minimum energy efficiency standards that must be met to obtain development approval.

The Nationwide House Energy Rating Scheme (NatHERS) is a crucial initiative shaping the future of energy-efficient, resilient, and cost-effective homes. With its recent upgrades, NatHERS has evolved into a world-leading tool for the building sector, supporting the global commitment to achieving net-zero emissions by 2050.

Staff Writer

What is a NatHERS rating in new off the plan apartment developments?

Mixed-use developments have gained significant popularity across Australia in recent years due to their unique blend of residential, commercial, and recreational spaces.

Unlike traditional single-purpose developments, mixed-use projects offer a harmonious integration of various functions within a single locale.

Residential units seamlessly coexist with commercial establishments, retail outlets, dining venues, entertainment hubs, and recreational facilities, with the combination not only enhances convenience but also fosters a vibrant lifestyle and a sense of community.

<h3>Convenience and accessibility</h3>

Mixed-use developments are designed with convenience in mind. They often integrate residential units with commercial spaces, retail outlets, restaurants, and recreational facilities, creating a self-contained community.

[smartcode_project:default project_id=114215 project_image_fid=204874]

The proximity allows residents to enjoy the convenience of having essential amenities and services within walking distance. Whether it's grabbing a cup of coffee, going grocery shopping, or accessing healthcare services, everything is conveniently located, saving residents time and effort.

<h3>Vibrant lifestyle and community</h3>

One of the major advantages of mixed-use developments is the vibrant lifestyle they offer. With a diverse range of amenities and communal spaces, residents have ample opportunities to interact, socialise, and build a sense of community.

[smartcode_project:default project_id=107714 project_image_fid=214122]

The presence of parks, community centres, and shared spaces fosters a lively atmosphere, encouraging residents to engage in various activities and events. The vibrant lifestyle within these developments creates a unique sense of belonging and camaraderie among the residents.

<h3>Potential for higher rental yields and property value appreciation</h3>

Mixed-use developments tend to attract a broad range of tenants and buyers due to their versatile nature. This high demand can result in higher rental yields for investors and potentially lead to property value appreciation over time.

[smartcode_project:default project_id=139989 project_image_fid=212887]

The integration of commercial and retail spaces attracts businesses, which can provide a stable rental income stream. Additionally, the popularity of mixed-use developments often drives up property values, making them a potentially lucrative investment in the long term.

<h3>Enhanced security and maintenance</h3>

Mixed-use developments typically have comprehensive security measures in place. With controlled access points, CCTV surveillance, and professional security staff, residents can enjoy enhanced safety and peace of mind.

[smartcode_project:default project_id=108019 project_image_fid=212658]

Additionally, these developments often have dedicated maintenance teams responsible for the upkeep of common areas, landscaping, and infrastructure. This ensures that the overall appearance and functionality of the development are well-maintained, creating a pleasant living environment for residents.

<h3>Live-work-play balance</h3>

One of the key attractions of mixed-use developments is the ability to achieve a desirable live-work-play balance. The integration of residential and commercial spaces allows residents to live closer to their workplaces, reducing commuting time and improving work-life balance.

The proximity to various amenities and recreational facilities encourages an active and healthy lifestyle. Residents can easily access fitness centres, parks, restaurants, and entertainment options, all within the same development, leading to a more fulfilling and convenient way of life.

alisonwarters@gmail.com

The top five reasons to buy in a mixed-use development

When buying a property, everyone needs to be aware of the additional costs that come as part of the buying process.

Often the largest outlay, after the deposit which goes to the bank, is stamp duty.

<h2 style="line-height: 1.38;">What is Stamp Duty?</h2>

Stamp duty is an extra tax to pay the government when you buy land, a property, and other certain assets.

It happens when the legal ownership is transferred. It can also be known as property transfer duty or transfer duty.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/C32BWkB5--c" title="YouTube video player" width="660"></iframe>

<h2>Who pays Stamp Duty?</h2>

In some circumstances, you may get an exemption. For some states, you won’t have to pay for stamp duty if you are a first home buyer or a pensioner for houses under a particular price. There are also stamp duty concessions, where you may be entitled to a discount.

<h2>How much does Stamp Duty cost?</h2>

Each state has different rules which affect how much you need to pay. These rules can affect the rate you pay, and the timeframe you will need to pay in. Before you buy land or a property, make sure you check the up-to-date information for your state’s stamp duty.

You can use a free stamp duty calculator online to see approximately how much you’ll need to pay. Find out if you’re eligible for an exemption by enquiring on a project via Urban!

Overall, the stamp duty you need to pay will depend on:

<ul>
	<li aria-level="1">How much your land/property is worth</li>
	<li aria-level="1">Where your land/property is located</li>
	<li aria-level="1">What type of land/property it is</li>
</ul>

Want to find out more? <a href="https://www.youtube.com/@UrbanAustralia?utm_source=YouTube&amp;utm_medium=Video&amp;utm_campaign=Subscribe&amp;utm_id=Subscribe">Subscribe to our YouTube channel</a> for more property videos.

Ellen Walker

Off-the-plan property explained: What is stamp duty?

Are mortgage holders set to get a reprieve from the RBA in 2026?

Big Four bank NAB believes so. They are now expecting the next move from the RBA to be a cut, rather than a hike, which they had pencilled in for August. They are unsure of the timing of the cut however, they note in their latest&nbsp;NAB Economics RBA Watch.

NAB Chief Economist, Dr Sally Auld, said recent data suggests the economy has lost momentum and the outlook for rates has shifted, noting that the broader economic backdrop has changed since earlier in the year.

“The next move in the cash rate is likely to be down, but the timing is uncertain," Dr Auld said.

"In February, growth was above trend, the economy was operating above capacity and there was uncertainty over the restrictiveness of rates. None of these conditions exist today,” she outlined.

Dr Auld said recent data pointed to softer momentum across the economy while acknowledging that at the same time, uncertainty remains a key feature of the outlook.

“Both Q1 GDP data and the NAB business survey suggest momentum in the economy has slowed, meaning that growth has likely peaked for the cycle. That said, we are cognisant there is still considerable uncertainty around the outlook, both with respect to activity and inflation.”

Dr Auld said inflation risks and labour market outcomes would be important to watch.

“On the prices side, we are still forecasting above target core inflation through to mid-2027. Margins will compress and weaker labour market outcomes are a risk.”

She said tighter financial conditions are expected to weigh on housing and activity.

“Tighter financial conditions will be reflected in a slowing in house price growth and housing credit growth. In summary, we have greater conviction that the next move in rates is down, but less conviction on the timing.”

Mortgage relief? NAB forecasts RBA rate cut, not hike, after softer economic conditions

<html><body>
The headlines might be screaming about our 'liveability' being under threat with high levels of population growth in Victoria, but that's just noise. No, Melbourne's population problem is that we have a cabal of industry, politicians and some segments of the media who up until this point have been wedded to the notion that we can continue to 'balance' the infrastructure investment in both freeways and public transport.

It should come as no surprise to regular readers that I think this orthodoxy is deplorable and giving false hope to many residents (and voters) that 'congestion can be fixed'.

The perfect storm of high population growth, congestion caused by a lack of foresight and congestion caused by the myriad of transport network upgrades currently on the go at present are likely to lead to some knee-jerk reactions, but now more than ever it's important to remain focused on attacking car-dependency head-on.

The recently released 2016 census data last week was followed up with an updated forecast of Victoria's population growth to December 2016. The state's population saw 146,600 new residents settle here last year, according to ABS forecasts.

It's a modern-day record, as illustrated by this chart from <a href="http://petewargent.blogspot.com.au/2017/06/melbourne-population-growth-blows-doors">Pete Wargent's</a> blog on the topic.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/state_pop_growth.jpg" rel="gallery-all" title="State population growth. Chart source: Pete Wargent"><img alt="" class="image-article-full-width-580px" height="342" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/state_pop_growth.jpg?itok=ziGRdfbh" title="State population growth. Chart source: Pete Wargent" width="580"></a>

<figcaption>State population growth. Chart source: <a href="http://petewargent.blogspot.com.au/2017/06/melbourne-population-growth-blows-doors">Pete Wargent</a></figcaption></figure>This has happened at a time when Victoria and New South Wales are approaching the previous peak of net overseas migration, but at the national level, the numbers are still down on the pre-Global Financial Crisis (GFC) era.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/net_overseas_migration.jpg" rel="gallery-all" title="Net overseas migration. Chart source: Pete Wargent"><img alt="" class="image-article-full-width-580px" height="342" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/net_overseas_migration.jpg?itok=54a3m3ud" title="Net overseas migration. Chart source: Pete Wargent" width="580"></a>

<figcaption>Net overseas migration. Chart source: <a href="http://petewargent.blogspot.com.au/2017/06/melbourne-population-growth-blows-doors">Pete Wargent</a></figcaption></figure>Note the significant decline in WA and QLD's net overseas migration against the increases in VIC and NSW.

Up until the GFC, net interstate migration was quite predictable: NSW has always seen a net loss of population from interstate to Queensland. Victoria used to be in the same boat but around the GFC, the paradigm has changed.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/net_interstate_migration.jpg" rel="gallery-all" title="Net interstate migration. Chart source: Pete Wargent"><img alt="" class="image-article-full-width-580px" height="341" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/net_interstate_migration.jpg?itok=5IOiTrMz" title="Net interstate migration. Chart source: Pete Wargent" width="580"></a>

<figcaption>Net interstate migration. Chart source: <a href="http://petewargent.blogspot.com.au/2017/06/melbourne-population-growth-blows-doors">Pete Wargent</a></figcaption></figure>One angle that's not made it to the mainstream commentariat yet is one that I'm willing to bet where during the pre-GFC era WA and QLD were sucking up a lot more of the net overseas migration to build all the infrastructure that facilitated the mining boom, we're now seeing VIC and NSW taking in these workers to build all the infrastructure and new housing that's been taking place over the past few years.

This labour mobility is made possible by our federation and the implied freedom of movement across state and territory borders. I'm thinking out loud here, however one wonders if some of the commentators who've stated that authorities might want to look at ways to somehow restrict movements - requiring new visa holding migrants to settle in certain parts of the country - are thinking long-term in this instance.

Do we really want to require people to live and work in a specific region of Australia when their skills are in greater demand in other parts of the country? Likewise, is it <a href="https://www.alrc.gov.au/sites/default/files/pdfs/publications/ip46_ch_5._freedom_of_movement.pdf">'constitutional'</a>?

Moreover, so what if Victoria's economic growth of late has been primarily been fueled by population growth and the construction sector?

Again, it's just a headline but scratching even the thinnest layer off the top of what the 'construction sector' is doing in Victoria, you'll see large-scale projects like level crossing removals which is employing thousands and the benefits of which are both short-term and long-term. The short-term benefit, immediately after a level crossing removal is road traffic congestion relief, the long-term benefit is once a line is entirely (or mostly) grade separated, trains will have the freedom to run more frequently.

New South Wales is in the same boat - enormous amounts of construction activity with building its new metro network - the Sydney metro North West will soon be operational and the second phase City and South West section is about to get underway. But wait's there's more: the NSW government has announced the third large-scale rail building project which will eventually link Sydney's CBD with Parramatta and the new airport way out in the paddocks of outer south west Sydney.

<h2>Radical re-think &amp; leadership required</h2>

This is being written in the context of the ABS census release and subsequent December 2016 population projection updates but to my mind nothing has changed for change advocates. The long-term goal of providing transport alternatives to the car for the entire metro has not changed.

What has changed is how we should do it.

It's been more than 24 months since the Victorian Government announced the Melbourne Metro Tunnel project will go ahead and it's expected the contract to put tunnel boring machines in the ground will be signed later this year.

I use this example to highlight the long lead times to get to the shovels-in-the-ground stage, let alone project completion. The second metro tunnel that has been mooted since the days of the release of the Heavy Rail Network Development plan is part of a larger-scale strategy to fundamentally alter the majority of Melbourne's rail network from CBD/loop centric network to one of 5 cross-town metro lines + 2 loop lines.

Taking a short-term view, the pressure to get started on the second cross-city tunnel just elevated, especially in the context of the growing calls for congestion relief and a greater decentralisation of jobs in clusters outside the city.

Contrary to popular belief, Melbourne does have knowledge-intensive, office-or-laboratory-based, job clusters outside the CBD. The Monash NEC is one such cluster, and the Werribee East 'Australian Education City' is an area that in all likelihood will become one.

And the Victorian Planning Authority is laying the planning groundwork for all of them right now. As is the case with anything to do with land-use planning in Victoria, transport is always an afterthought. We get the announcement that a structure plan is now effective, but just lines or dots on a map pointing to 'potential' transport changes. I will, however, always remain positive (hopeful?) that this does change.

<h2>Not all employment clusters are equal</h2>

The CBD is naturally the best served with high-capacity public transport from all directions. Sunshine has very good rail coverage from the east &amp; north and will eventually have good access from the west when the Melton line is electrified.

La Trobe is an island between two radial train lines. Monash and East Werribee have a rail line on the outskirts of the precincts and Dandenong South is problematic from a public transport perspective.

In the intriguing context of the private proposal to create a BRT service from Donvale via Doncaster and the Eastern Freeway to the city - high frequency, high capacity bus services - I think BRT or mostly-grade separated light rail lines, should now be the focus on these middle and outer suburban clusters.

<blockquote>
Every working day, seven out of 10 Casey residents with jobs travel out of their own municipality to work. The smaller the housing lots, the more the cars. They drive, slowly, mostly westwards into old Melbourne beyond Dandenong, many to jobs in the Monash area.
<cite><a href="http://www.theage.com.au/victoria/is-melbourne-building-sprawling-outer-suburbs-destined-to-become-ghettos-20170630-gx1vyh">Are Melbourne's sprawling outer suburbs destined to become ghettos? (Royce Millar and Ben Schneiders, The Age, July 2 2017)</a></cite>
</blockquote>

Focusing on Monash for a moment, these are the public domain facts relating to changes to public transport in the area:

<ul>
<li>The Pakenham and Cranbourne rail lines currently do the heavy lifting of moving people from the suburbs to the city and back again</li>
	<li>The lines are seeing upgrades in terms of level crossing removals and will eventually be re-routed through the metro tunnel creating a giant cross-town to Sunbury</li>
	<li>There's demonstratable capacity being built in right now. The new train fleet is a capacity jump over the current fleet and a medium-long term plan to extend train platforms so even longer trains can operate efficiently on this line.</li>
</ul>
What's needed now is building a proper network to interface with the railway spine (and other radial lines), in some cases clawing back existing road space from general traffic and in other cases expanded arterial roads.

The work to rationalise the rail network in the inner-city is going to attract the most headlines and will cost the most, but we need institutional change when it comes to road planning.

Arterial road investment or expansion is only bad when providing road-based public transport services is not the priority. We should be making it a priority to claw back general traffic road-space and provide dedicated routes for public transport vehicles running direct and high-frequency services.

At the Monash NEC in particular, here we have a blessed simple grid of major arterials - Blackburn, Clayton, Westall, Springvale, Wellington, Ferntree Gully and Centre Roads - all we need to do is challenge the institutional orthodoxy that car is king and provide high frequency, high capacity services along the entire length of these routes.

In doing so, by the very length that these arterials travel across the city, they're all bound to hit multiple rail lines, bringing a proper, all-direction, public transport to the problematic-at-present employment clusters.

<h2>In conclusion</h2>

Let's face it, Melbourne has a well-oiled road building machine and it should be put to better use. Dedicated corridors inside existing arterials is going to be the most rapid way to 'install' public transport both in the physical world but perhaps more importantly install a new way of how residents can go about the daily lives, car-free in the suburban mass that is metro Melbourne.

Maintaining rail improvements at the top of the public transport food chain is critical however we must be realistic; the lead times to get rail to Rowville and Doncaster is long and in the current regime of focusing on existing cost-benefit ratios and business cases, they fall somewhat flat. The choice is to continue advocating for heavy rail (and continually get knocked back) or head down another path and actually enact rapid change.

I don't want to brush over the good arguments both for and against the private Doncaster BRT proposal but in the context of what the census data now tells us, and the inevitable quick fix rhetoric that's likely to be spewed from the mouths of politicians in the coming months, I think we just need run with it. Although specifically with the Doncaster BRT, it shouldn't end at an isolated shopping centre in Donvale, it should link with the PT network in the city and in the suburbs at Nunawading.

Am I being flippant about potential risks (be they financial or don't have the effect of intensifying development along the corridor)? Maybe. However assuming the contract is structured so that the private operator bears an acceptable amount of financial risk, and it's not all put on the state, the experience will inform us how to roll out similar public transport lines elsewhere.

This is because we're going to need to do much more work on road-based public transport to ensure residents have an alternative to driving and so that our employment clusters are successful in growing and can entice people out of their cars en masse. We need to provide good quality alternatives before residents (and voters) will find wholesale road pricing regime change palatable.
</body></html>

Alastair Taylor

Population shock: we now, more than ever, need to radically re-think Melbourne's transport network

<html><body>
A boat shed at Dormant sold in early 2017 at $300,000.
Located at <a href="https://www.realestate.com.au/property-house-vic-dromana-123898786" target="_blank">121 Boat Shed</a>, the property features a fridge where cool drinks, salads and ice creams can be stocked and a private changing room.
It has lots of space featuring 33 sqm where you can store towels, BBQ equipments etc.
It has a large outside cement deck sitting area with large canvas awning to protect from the sun.
The internal walls and ceilings have been upgraded to have insulation providing extra security from the sun and cool weather.
It is positioned right in front of car parks, water taps, shops, BBQ area and much more.
The property was offered by Hockingstuart agents Philip Down and Steve Edmund.
It was recently rewired with electricity and had recently been re-earthed and fitted with new power outlets, updated with safety switches and a smart meter.
</body></html>

j.ballantyne1990-6AQqhLzZaK

Dromana boat shed sold 

<html><body><div class="page" title="Page 1">
<div class="layoutArea">
<div class="column">
<div class="page" title="Page 1">
<div class="layoutArea">
<div class="column">
The grand penthouse in Richmond's Jaques development has sold for $4.8 million to a Glen Iris couple.
The suburb's previous apartment price record was $3 million.
<img src="https://www.urban.com.au/images/2017/07/05/Screen%20Shot%202017-07-05%20at%2010.34.41%20AM.png" alt="">
Kristine Lee from Developer Riverlee Group said the development has proved to be a hit with the downsizer market seeking large apartments, resulting in over 20 buyers combining apartments to create more spacious residences.
<img src="https://www.urban.com.au/images/2017/07/05/Screen%20Shot%202017-07-05%20at%2010.36.44%20AM.png" alt="">
The $290 million Jaques precinct features 377 apartments and townhouses across five buildings on the former Jaques Bros Foundry site.
<img src="https://www.urban.com.au/images/2017/07/05/Screen%20Shot%202017-07-05%20at%2010.37.28%20AM.png" alt="">
The south-western entrance to the site features factory’s original red brick tower with original drawings and blueprints for the manufacturing of the rock crushing machinery shown across three of the buildings.
<img src="https://www.urban.com.au/images/2017/07/05/Screen%20Shot%202017-07-05%20at%2010.38.08%20AM.png" alt="">
</div>
</div>
</div>
</div>
</div>
</div></body></html>

jonathanchancellor-7SQnKwU6yx

Grand penthouse in Richmond's Jaques development has sold

<html><body>
This week, Randwick in Sydney is the busiest individual suburb for auctions, with CoreLogic tracking 17 auctions so far this week.
Following Randwick is Blacktown, also in Sydney, and Reservoir in Melbourne, each with 13 scheduled auctions.
This week, the number of auctions scheduled to take place across the combined capital cities will fall, with 1,820 auctions currently being tracked by CoreLogic, down from 2,355 last week.
Although volumes are down this week, current levels are significantly higher than the same week last year, when auction volumes were quieter due to the Federal Election when just 841 homes were taken to auction.
Across the two largest auction markets, Sydney and Melbourne, volumes are similar this week with both cities expecting just over 780 auctions each.
Melbourne has seen the largest fall in auction volumes week-on-week with current volumes -25 per cent lower than the previous week, while Sydney volumes are down around -17 per cent compared to last week.
Across the smaller markets, volumes will fall in all regions except Tasmania where volumes will remain unchanged.
Brisbane is set to host the most auctions this week with 105 auctions currently scheduled, followed by Adelaide with 72 auctions.
Both Canberra and Perth will host around 34 auctions each this week, half the number held over the previous week in Canberra.
A four bedroom house at <a href="https://www.realestate.com.au/property-house-nsw-randwick-125636254" target="_blank">22 Cook Street</a>, Randwick (above) will be auctioned on July 1st for between $1.65 million to $1.75 million.
Similarly a two bedroom apartment at <a href="https://www.realestate.com.au/property-apartment-nsw-randwick-125671258" target="_blank">11/56 High Street</a>, Randwick (below) will be auctioned on July 1st.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/06/30/11_56%20High%20Street.jpg" alt="">
</body></html>

July auctions kick off with Randwick and Reservoir as busiest weekend auction suburbs: CoreLogic

<html><body>
The house at 3 Dagonet Stret, Strathmore is up for grabs. But only the iconic house, not the land.
The longtime owner of the house from The Castle says she’ll take what she can at <a href="https://bradteal.com.au/property/1897/" target="_blank">July 25 auction</a> for the humble Strathmore weatherboard that sits adjacent to the airport.
It is famous for its role as Darryl Kerrigan’s “castle” in the 1997 film.
Rebecca Towns from the listing agency Brad Teal is expecting it to fetch anywhere between $1000 and $10,000 as the buyer will then need to spend another $45,000 to $50,000.
Brad Teal is marketing the house as “the ultimate piece of movie memorabilia” and a “once in a lifetime opportunity to purchase a piece of Australian history”.
“It’s sure to excite movie enthusiasts, entrepreneurs and great Aussie battlers,” the listing said.
<div class="wp-caption"><img class="size-full wp-image-186528" src="https://www.realestate.com.au/blog/wp-content/uploads/2017/06/29120653/capi_4c0c5bb1ef566088c0d1e66472ce6b9c_6695ec45674d6cbbcefd1215e54c3fb4.jpeg" alt="3 Dagonet Street Strathmore, for Herald Sun reales" data-capiid="6695ec45674d6cbbcefd1215e54c3fb4"></div>
Seller Vicky Cosentino told The Herald Sun she couldn’t wait for someone to take the house off her hands after 24 years of ownership which included the two-week shoot of The Castle, which she advised she never gave permission for.
Cosentino has wants to build two townhouses after the Moonee Valley council voted not to pursue permanent heritage protection for the home.
It drew interest from Federation Council and Corowa Whisky, who considered moving it north of the river as a tourist attraction. But that never eventuated.
“To tell you the truth, yes (I’m over it),” Cosentino said.
“Even if I get $2000 or $3000 for it, as long as it’s moved off my property. It’s nothing to do with the money.
“I would like to see someone look after it, but I really don’t mind where it goes, whether it’s to Mildura or Bonnie Doon.”
Towns expected the house to suit first-home buyers who already had some land, or an investor looking to use it as an Airbnb.
</body></html>

The Kerrigan's Castle home offered with Airbnb potential

<html><body>
Design will be the focus of developer Coronation Property’s projects in Liverpool and Parramatta in Sydney, resulting from its collaboration with international designers and architects.
Jamie Durie’s firm Durie Design will deliver the landscape masterplan at The Paper Mill – an 882-apartment development across four buildings in Liverpool – with the company’s work to include a makeover of the Georges River and surrounding foreshore. 
In Parramatta, the design firm will be responsible for the landscape elements at the 55-storey mixed-use tower 8 Phillip Street. 
Durie’s accomplishments include commercial projects all over the world, such as the Singapore Bay foreshore, Sheraton Salobre Resort Spain, Albarari in Dubai and Australia’s own Hayman Island Resort.
Durie won awards including the PCA Award for Best Residential Development in Australia and a Gold Medal at London’s Chelsea Flower Show. 
 <img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/06/26/JamieDurie.jpg" alt="">
“Our design concepts aim to create a sense of community, especially through the clever planning of gardens and green spaces,” said Durie. 
“As such, we’re interested in delivering interactive areas where people can dine, BBQ, sunbake and play, with our landscaping designed to give residents a sense of belonging and what we call ‘destination design’.” 
Durie said the revitalisation of the riverfront precinct at The Paper Mill was a perfect example of urban transformation. 
“This changes the dynamic of urban planning in Liverpool by truly turning the focus back onto the previously disused riverbank. The Paper Mill development is the first to take this approach in Liverpool and I can’t wait to see its progress, because it will really set the benchmark for urban renewal projects in the area.” 
Durie said the landscaping will try and maximise the connection to the water at the Paper Mill, where residents can enjoy views of the Georges River.
 <img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/06/26/PaperMill2.jpg" alt="">
Meanwhile, at Parramatta’s 8 Phillip Street, Durie said he plans to apply his ‘transterior’ philosophy, which involves creating a seamless transition between interior and exterior spaces. 
“We’ll be implementing this quintessentially Australian style of living in the tower’s entrance, rooftop bar, pool terrace and streetscape,” said Durie. 
The rooftop garden will feature native Australian species, planted to create an atmosphere of “secret garden oasis with intimate gathering spaces,” he added. 
Coronation Property managing director Joseph Nahas said they wanted to bring the very best in design to Western Sydney. 
“We’re proud to be transforming the urban landscape of Western Sydney, and we believe this is a great opportunity for the private sector to give back to the local community by providing intelligent and integrated public domain and amenity,” said Nahas.
</body></html>

Jamie Durie onboard for Western Sydney's The Paper Mill masterplan

<html><body>
The first residential tower within Park Central, a $1 billion development in Brisbane’s Woolloongabba, is to be released this month.
Park Central One will be developed by Singapore-based Wee Hur Holdings Ltd and will comprise 168 one and two-bedroom apartments over 18 levels.
There will be ground floor retail and a rooftop garden terrace as well that includes a swimming pool, deck and gym that take in views of Brisbane CBD and surrounds.
“Park Central One was designed for a local owner or a tenant wanting a convenient and active lifestyle, only 7 minutes from Brisbane CBD,” said Rachel Hutson, residential project manager at Colliers International, which is marketing the development.
“Being part of a transit oriented development, Park Central One will be a hub of activity offering residents direct connection to Buranda busway and rail stations as well as dedicated bikeways link to South east Freeway and the Norman Creek Bikeway and Greenway.”
One-bedroom apartments average 60 sqm in size and range from $350,000 to $425,000, while the average size of a two-bedroom apartment is 90 sqm with prices ranging from $485,000 to $690,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/06/19/ParkCentral.jpg" alt="">
The tower is designed by Woods Bagot, and Tomkins have recently been appointed as the builders, with construction expected to start later this year.
Park Central will also have direct access to the $944 million high frequency Brisbane Metro Service for which Council handed down its business case recently. 
The open plan living apartments will feature a designer kitchen with feature splashback, reconstituted stone island bench and quality Bosch stainless steel appliances.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/06/19/ParkCentralkitchen.jpg" alt="">
The Woolloongabba precinct is expected to grow by more than 100,000 jobs to 2031.  Woolloongabba itself is expected to generate over 20,000 new jobs.
The future stages at Park Central will include additional apartments, student accommodation, all positioned around a 4,300 sqm ‘sky park’ and 16,000 sqm retail precinct anchored by a supermarket, specialty stores and dining.
According to the master plan, ‘sky park’ will be a private recreation space that will include a club lounge, outdoor dining and entertaining areas. There is a display suite onsite.
</body></html>

First apartment tower at Park Central in Brisbane's Woolloongabba

<html><body>
The great Australian dream of a home on a quarter-acre block has taken a hit in Sydney due to the affordability crisis and need for low maintenance living. 
Small-lot housing, identified as the “missing middle” amid the affordability crisis, is gaining popularity with buyers leaning towards a minimalist trend.
Developer Creation Homes (the home building arm of Metro Property Development), says it is witnessing a rapid uptake of its smaller size lots in Southwest Sydney projects. 
Fifty small lots of the 250 between Creation Homes’s Catherine Field and Spring Farm projects have been snapped up in the past four months, it said.
Two-bedroom homes starting at $480,000 and spanning 120 sqm are the most popular along with the three-bedroom designs priced from $565,000 for 225 sqm. 
“We are seeing a lot of people opting for smaller blocks which suggests a trend towards minimalist living in the house and land sector,” said David Mann of Metro Property and Creation Homes. 
“Obviously the smaller price tags are a big draw card but people also have the opportunity to declutter and make better use of their space with the added bonuses of spending less time maintaining the property, cleaning and mowing huge lawns are rarely used.” 
Some small lots are available at its recently released Orchard Heights estate in Spring Farm, with land sizes starting from 300 square metres. 
The first release of the smaller models at the site includes six lots under 350 square metres and prices range from $627,100 to $677,900. 
“Since it proved to be so successful we’ll definitely continue to roll-out the smaller lot model, initially focusing on our projects in North-West and South-West Sydney and eventually to other areas across Sydney as well,” said Phil Leahy. 
According to Creation Homes, another emerging trend for buyers is to forgo the traditional full model home inspection before purchasing, an approach similar to off-the-plan apartment sales. 
“We’re noticing that people are now more than happy to commit to buying after seeing finishes boards and part-models of kitchens and bathrooms like you’d most commonly see with off-the-plan apartment sales,” said Phil Leahy. 
The Melbourne developer started building homes in 2010 and has delivered more than 1,000 dwellings in the last 12 months. It was recognised in 2013 with a BRW Australia’s 7th Fastest Growing Business award. 
Metro Property Development is a wholesale homebuilder and has delivered more than 5,000 homes and apartments across Australia and has a future development pipeline valued at more than $3.1 billion. 
The NSW business is opening a display office at the new location of Brookhollow Avenue in Baulkham Hills later this month. 
</body></html>

Small lots growing in popularity with Sydney buyers: Creation Homes

<html><body>
Design agency Frost*collective collaborated with Sydney property developer Romeciti on launching the first stage on its $450 million, two tower, 11,000sqm, 357 apartment Macquarie Park development Natura.
Ant Donovan, Group Creative Director, Frost*collective said Natura is all about unique connections with both nature and those amongst the community.
"Romeciti wanted the Natura brand to promote the kind of lifestyle that we all aspire to – one that offers elegance and style and that also provides a sense of belonging,” he said.
"Some of the development’s five star amenities are key points of difference designed into the Natura experience to heighten the sense of well-being.
Jeanne Ogilvie, Strategist, Frost*Design said they wanted the brand to convey an inspired and perfect balance of nature and urban living.
A team of environment specialists worked with architectural practice Elenberg Fraser to build Natura’s 700m2 display suite complete with branded activations on the journey to entry, signage and graphics.
Natura is expected to be completed in 2020.
For more information on Natura, <a href="https://www.naturaliving.com.au" target="_blank">click here</a>.
</body></html>

The Natura $450 million development takes brand to natural highs

<html><body>
One Airlie is a new development in the Whitsundays region, one of Australia’s premier holiday destinations.

It is a gated community of 12 residences with landscaping.

[smartcode_project:default project_id=90071]

The land offerings are between 727 sqm to 2242 sqm.

They are now offered from $695,000 with waterfront lot prices starting at $1,095,000.

The civil works at One Airlie, adjacent to the Whitsunday Sailing Club, have begun.

<img alt="" src="https://www.urban.com.au/images/2017/06/22/Picture-2.jpeg">

Some 10 residents will have ocean frontage.

Activities such as sailing, swimming or diving are all possible nearby. Located on the mainland, just east of Airlie Beach's main street, One Airlie also puts you at the gateway to more than 74 Whitsunday Islands and the Great Barrier Reef marine park.

Airlie Beach is due to experience significant growth and will become a ‘hotspot’ of coastal real estate now that major tourism infrastructure investment has been fast tracked, according to local PRD Whitsunday Principal, Christie Leet.

For more information <a href="https://googleads.g.doubleclick.net/pcs/click?xai=AKAOjsuRR05c7g2j_JynBJH9zAW7W5F9n2F8JzTuvPFA2xl2qsijxoegSi5se_Lg3zfwoXxS07Kw92XJeLN1Xaj6jeYmv8NwVpPUqs5mqkZHgv29bbH4T_Sze0u2dDF-L0f0zNLFWodmoba7mqVcpfqVInDAcA70jGUUINpo3kjF9gGKzV_nN7s-vDpZFtciBMNx6Cex8hx6kqNGoYlCVcOBmGY8Z0kO2f2_V3oH03xzATN1QB5_NPDBvda7jufiZhkjDz5JI9N9MzKXmv8&amp;sig=Cg0ArKJSzFJswJ7UEX1B&amp;adurl=https://oneairlie.com.au/&amp;nm=5&amp;nx=163&amp;ny=-301&amp;mb=2&amp;clkt=99" target="_blank">click here.</a>

[smartcode_project:default project_id=7854]
</body></html>

Latest Buying Insights

Mortgage relief? NAB forecasts RBA rate cut, not hike, after softer economic conditions

Editor's Picks

Developments

New apartments

New townhouses

News

Latest Buying Insights

Mortgage relief? NAB forecasts RBA rate cut, not hike, after softer economic conditions

Editor's Picks

Receive the latest news stories to your inbox

Developments

New apartments

New townhouses

News